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Prepare the Statement of Financial Position as at 28 February 2022. The notes to the financial statements are not required. INFORMATION The trial balance,
Prepare the Statement of Financial Position as at 28 February 2022. The notes to the financial statements are not required. INFORMATION The trial balance, adjustments and additional information given below were extracted from the accounting records of Woodford Limited for the francial year ended 28 February 2022 WOODFORD LIMITED PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Balance sheet accounts section Capital Retained earnings Land and buildings Vehicles at cost Equipment at cost Accumulated depreciation on vehicles Accumulated depreciation on equipment Fixed deposit Fin Bank (9%p.a.) Debit (R) Cred 879000 572 000 480 000 1000000 300000 354000 168 000 144 000 123 000 146 000 8000 120000 Trading inventory Debtors control Provision for bad debts Bank Cash float 7000 South African Revenue Services: Company tax 30-000 Creditors control Mortgage loan: Fin Bank (12% pa) Nominal accounts section 134 000 240000
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